Business
Business, 18.05.2021 19:20, polarbear3787

issued $200,000 of 10-year bonds on January 1. The bonds pay interest on January 1 and July 1 and have a stated rate of 10 percent. If the market rate of interest at the time the bonds are sold is 12 percent, what will be the issuance price of the bonds (pick the closest answer)?

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issued $200,000 of 10-year bonds on January 1. The bonds pay interest on January 1 and July 1 and ha...

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